House Sponsors: ERWIN. Senate Sponsors: CULLERTON Short description: PROP TX-TOWNHOME UNITS VALUE Synopsis of Bill as introduced: Amends the Property Tax Code. Provides that single family townhome and condominium units within the same building shall each be assessed individually. HOUSE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 200/10-15 Adds reference to: 765 ILCS 5/38c new Deletes everything. Amends the Conveyances Act. Provides that the declarations of a noncondominium townhome instrument concerning common interest property must provide that maintenance assessments must be consistent with the following factors when considered together: (i) the square footage of the townhome in relation to the square footage of other townhomes in the common interest property community, (ii) the equalized assessed value of the townhome in relation to the equalized assessed value of the other townhomes in the common interest property community, and (iii) the special assessments of the townhome for insurance premiums in relation to those special assessments for other townhomes in the common interest property community. Defines "common interest property" and "noncondominium townhome". Last action on Bill: PUBLIC ACT.............................. 91-0326 Last action date: 99-07-29 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status